BAKU, Azerbaijan, Apr. 12
By Elnur Baghishov – Trend:
The production in the Persian Gulf Mining and Metal Industries Special Economic Zone increased by 15 percent in the last Iranian year (from March 20, 2020 through March 20, 2021), compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020), said Hassan Khalaj Tehrani, managing director of the zone, Trend reports referring to the economic zone’s website.
According to Tehrani, about 7.42 million tons of steel products, aluminum ingots, zinc ingots, sponge iron, bitumen, heat-resistant materials, and so on were produced in the zone last Iranian year.
The director added that while in the preceding Iranian year, 6.44 million tons of goods were produced in Persian Gulf Special Economic Zone.
“About $1.29 billion worth of various goods were exported from the zone over the last Iranian year. This means that the value of exports increased by $70 million compared to the preceding Iranian year. So, $1.22 billion worth of goods were exported from this zone during the preceding Iranian year,” he said.
Tehrani noted that last year, 9 contracts were signed to made new investments in the zone. As a result of these contracts, $3.4 billion will be invested.
These investments will be made on the production steel, sponge iron, ferroalloy, as well as, on the construction of power plant, export terminal and etc.